Rand softer against dol­lar


The Star Early Edition - - BUSINESS REPORT -

THE RAND was a touch softer against the dol­lar yes­ter­day, but firmed against ma­jor Euro­pean cur­ren­cies as emerg­ing mar­kets cau­tiously awaited the de­ci­sion of the US Fed­eral Re­serve (Fed) last night on its bench­mark rates and its plans to wind down its multi-tril­lion dol­lar bal­ance sheet.

Mar­ket par­tic­i­pants have now shifted their at­ten­tion more on how the US Fed­eral Open Mar­ket Com­mit­tee state­ment dis­cusses in­fla­tion.

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